Living in Albany, Illinois
Cost of living, income, home prices, rent and demographics of Albany · Census data 2020–2024
Albany has 776 residents with a median age of 37.8. The median household income is $62,857 (25% lower than the Illinois median), the median home value is $148,800, the median rent is $724/month.
Albany is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Albany at a glance
- Population
- 776
- Median age
- 37.8State: 39
- Median household income
- $62,857State: $83,390
- Median home value
- $148,800State: $263,300
- Median rent
- $724/moState: $1,274
- Homeowners
- 89.1%
- Bachelor's degree or higher
- 19%
- Average commute
- 23 min
Is Albany a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 23 minutes; a poverty rate of 4%.
Cons: Median household income 25% lower than the Illinois median; unemployment of 6.5%.
The weather is best in May–June and August–September.
Cost of living in Albany
Housing is the biggest part of the cost of living. In Albany the median home value is $148,800, 55% lower than the U.S. median. Renters pay a median of $724 per month, which is 22.8% of household income. Homeowners with a mortgage pay $1,427 a month in housing costs.
Albany median household income
The median household income in Albany is $62,857 and the income per person is $33,015. 4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Albany: homes for sale and rent
- Housing units
- 359
- Owner-occupied
- 89.1%
- Renter-occupied
- 10.9%
- Vacant
- 10.9%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.43
Albany demographics
- Population
- 776
- Median age
- 37.8
- Under 18
- 30.2%
- 65 and older
- 18.3%
- Households
- 320
- Foreign-born
- 0.3%
- Veterans
- 10.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Albany ›
Education in Albany
19% of adults 25 and older in Albany have a bachelor's degree or higher (Illinois: 37.8%), and 5.6% have a graduate or professional degree.
Jobs and commute in Albany
- Unemployment rate
- 6.5%State: 5.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 3.6%
- Drive alone
- 82.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 90.9%
Albany vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Albany | 776 | $62,857 | $148,800 | $724 |
| Camanche | 4,550 | $64,153 | $172,400 | $812 |
| Clinton | 24,322 | $60,230 | $118,200 | $791 |
| Fulton | 3,709 | $45,581 | $121,700 | $954 |
| Low Moor | 253 | $52,143 | $118,300 | $850 |
| Cordova | 666 | $84,167 | $181,300 | $925 |
| Princeton | 794 | $87,188 | $266,200 | $600 |
| Erie | 1,614 | $82,760 | $151,900 | $767 |
| McCausland | 397 | $62,143 | $187,500 | $1,269 |
More for people moving to Albany
Albany ZIP code ›Weather and climate ›Living in Albany: FAQ
What is the median household income in Albany, IL?
The median household income in Albany is $62,857, 25% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Albany?
The median home value in Albany is $148,800, compared with $263,300 in Illinois.
How much is rent in Albany?
The median gross rent in Albany is $724 per month, about 22.8% of household income.
Is Albany, IL a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 23 minutes; a poverty rate of 4%. Minuses: median household income 25% lower than the Illinois median; unemployment of 6.5%.
What is the median age in Albany?
The median age in Albany is 37.8 years (Illinois: 39).
How long is the commute in Albany?
The average commute to work in Albany is 23 minutes; 3.6% of workers work from home.
What is the unemployment rate in Albany?
The unemployment rate in Albany is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Albany?
19% of adults in Albany have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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